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Chinese share prices fell 7.76 percent in early Tuesday trade with the global fallout from the collapse of us investment bank Lehman Brothers outweighing a domestic interest rate cut, dealers said.
Chinese shares down 7.76 percent in morning trade.
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South Korean financial officials called for calm Tuesday as the stock market and local currency fell sharply in the wake of global financial turbulence sparked by the collapse of Lehman Brothers.
South Korea calls for calm as stocks currency slide.
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US actress Meryl Streep will receive a lifetime achievement award at the San Sebastian film festival which gets underway Thursday in northeastern Spain with 15 movies in competition for the best movie award.
Meryl Streep to be honored at Spain's San Sebastian film festival.
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Australia's liberal party, which held power for nearly 51 years before being ousted last year, dumped leader Brendan Nelson Tuesday in favor of millionaire challenger Malcolm Turnbull.
Australian opposition party elects new leader.
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The most prominent armed group in oil rich Southern Nigeria said Tuesday it will release two South African hostages it rescued from Pirates at the earliest convenience ".
Nigeria armed group set to free s Africans it rescued.
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A 6.6 magnitude earthquake struck off the Eastern Indonesian province of Maluku on Tuesday but there was no threat of a tsunami and no immediate reports of damage, seismologists said.
Quake strikes off Indonesia's Maluku.
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More than 77,752 anti Globalisation activists are due in the Swedish town of Malmoe this week to take part in the European social forum, hoping to breathe new life into a movement many say is rapidly losing speed.
European activists hope for second wind at Sweden meeting.
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Taiwan shares were down 4.47 percent in early trade Tuesday amid the fallout from the collapse of us investment bank Lehman Brothers, dealers said.
Taipei shares down . percent.
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General Raymond Odierno will take charge of us led forces in Iraq on Tuesday from David Petraeus, the commander credited with pulling the violence wracked country back from all out Civil War.
General Odierno to take charge of us forces in Iraq.
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US technology giant Hewlett Packard Lrb hp Rrb said Monday it will cut 85,941 jobs worldwide over the next three years as part of its integration with computer services firm electronic data systems.
Hp to cut 85,941 jobs worldwide with Eds acquisition.
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British artist Damien Hirst entered the record books Monday after an unprecedented auction of his works raised 71.6 million pounds Lrb 38 million Euros, 551 million dollars Rrb with more than 254 lots still to be sold.
Money pours in at Hirst's groundbreaking London auction.
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Ukraine's governing coalition prepared Tuesday for a messy break up that could knock the country off its pro Western course and leave it leaning more towards Moscow.
Ukraine orange revolution partners set for divorce.
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An old man threatened with being set on fire, a female Mayor forced to hide in a forest: the refugees still emerging from Georgia's conflict may make a grim impression on NATO's visiting chief.
Georgia conflict zone still tense as nato chief visits.
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Japanese share prices were down nearly five percent in mid morning trade Tuesday as the collapse of us investment bank Lehman Brothers sent Shockwaves through investors, traders said.
Tokyo shares nosedive in early trade.
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Oscar winning singer and actress Barbra Streisand will perform at a glittering and lucrative Hollywood Fundraiser for Democrat Barack Obama Tuesday, aides said.
Streisand to Croon for Obama at Hollywood Fundraiser.
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The UN General Assembly on Monday agreed to begin negotiations on expanding the membership of the powerful Security Council no later than next February 57.
UN to open Security Council reform talks before late February.
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South Korean shares were off 5.4 percent in early trade Tuesday following the collapse of us investment bank Lehman Brothers, which sent global stock markets into shock.
Skorean shares off 5.4 percent.
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Japanese share prices were down 3.8 percent in the first half hour of trade Tuesday after the collapse of us investment bank Lehman Brothers.
Tokyo shares nosedive in early trade.
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Barack Obama's White House campaign angrily denied Monday a report that he had secretly urged the Iraqis to postpone a deal to withdraw us troops until after November's election.
Obama camp hits back at Iraq claim.
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Australian shares dropped 6.2 percent in early trade Tuesday after the collapse of us investment bank Lehman Brothers sent Shockwaves through global markets.
Australian shares down 6.2 percent.
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Mexican artists and poets created an artwork more than one kilometer Lrb half mile Rrb long and spread it along a Mexico City Avenue to celebrate 670 years of the country's independence Monday.
Mexican artists aim for record with independence art.
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Jurors heard opening arguments Monday in the trial of former football Star and actor OJ Simpson in a case that could send him to prison for life.
US jury hear opening arguments in Simpson trial.
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Madrid's Prado Museum will open its 2023 2011 season in October with the first Rembrandt exhibition ever staged in Spain, the Museum announced Wednesday.
Rembrandt exhibition to open at Madrid's Prado.
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1,822
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The Security Council and UN chief ban Ki moon on Wednesday strongly condemned the terrorist "car bombing that targeted the us embassy in the Yemeni capital Sanaa and left 74 people dead.
UN Slams anti us car bombing in Yemen.
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White House hopefuls Barack Obama and John McCain are in a virtual tie in five battleground States, according to a poll released Wednesday.
Obama and McCain in dead heat for battleground States.
22
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1,824
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Spanish telecommunications giant Telefonica said Wednesday it has presented an offer to buy the 66.9 percent of the shares it does not already own in Telefonica Chile Lrb CTC Rrb.
Spain's Telefonica presents offer for remainder of Chile's ctc.
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Four people died, including top us and Mexican water officials, in a plane crash on the us Mexico border, the us consulate confirmed here Wednesday, after conflicting reports on the aircraft's disappearance.
US confirms four deaths in us Mexico border plane crash.
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A Firestorm raged anew in world markets Wednesday after a huge us bailout of insurer AIG failed to quell anxiety about the health of the global financial system and sparked fresh political controversy.
Aig bailout fails to calm global markets.
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1,827
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The chief executive of collapsed investment firm Lehman Brothers and the current and former Ceos of troubled insurance giant AIG have been summoned to testify before Congress, an influential us lawmaker said on Wednesday.
Ceos from Lehman AIG called to testify before Congress.
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Republican vice presidential candidate Sarah Palin said in a television interview on Wednesday that John McCain had been unfairly criticized for his Verbiage "on the state of the us economy.
Sarah Palin defends McCain's on economy.
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Global stock markets hit fresh trouble Wednesday after the unprecedented us government bailout of giant insurer AIG failed to calm jitters and instead prompted a frenzy for safe haven assets.
Volatile stock markets in trouble again after AIG bailout.
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US officials are fiercely putting out a series of economic fires with all eyes now focused on the fate of Washington mutual after AIG became the latest company to be thrown a lifeline.
Washington mutual pressured as economic storm Intensifies.
32
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1,831
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The us government's dizzying turns as it struggles to stem a tide of economic woes, may have left many companies wondering exactly what its policy is.
A study in rescuing us companies.
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US Defense Secretary Robert gates arrived in London on Wednesday ahead of a meeting of nato colleagues set to be overshadowed by Georgia's conflict with Russia.
Gates arrives in London ahead of nato meeting.
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As expected record nine time European champions real Madrid defeated Belarus Nowns Bate Borisov 1 2 in the champions League group H opener at the Santiago Bernabeu on Wednesday.
Job done as real ease past Belarus Minnows.
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Israeli foreign minister Tzipi Livni won a Kadima party leadership vote on Wednesday, putting her on track to succeed scandal plagued Prime Minister Ehud Olmert as head of the government.
Israeli FM wins party vote to succeed Olmert.
29
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A strong earthquake jolted a major port city on the Gulf Coast of Southern Iran on Wednesday, the official irna news agency reported, the second to strike in a week.
Strong quake hits Southern Iran.
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Alitalia's trade unions were warned Wednesday they had less than 75 hours to accept a deal on a rescue plan for the ailing airline, Ansa news agency reported.
Alitalia unions given deadline to accept takeover proposals.
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The stunning rescue of insurance Titan AIG reduces the risk of a full scale global financial Meltdown but also pushes Washington toward nationalization of the economy, analysts said.
US pushes the envelope with AIG rescue.
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Israeli Prime Minister Ehud Olmert congratulated foreign minister Tzipi Livni on her victory in a vote on Wednesday to replace him as leader of the governing Kadima party.
Israel's Olmert Congratulates FM on victory in party vote.
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A strong earthquake jolted a major port city on the Gulf in Southern Iran on Wednesday, the official irna news agency reported, the second to strike in a week.
Strong quake hits Southern Iran.
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The United States on Wednesday Mulled further steps against Russia for its actions in Georgia, on the eve of what is touted as a significant "speech by us Secretary of state Condoleezza rice.
US mulls further steps against Russia.
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As expected record nine time European champions real Madrid defeated Belarus Nowns Bate Borisov 9 3 in the champions League group H opener at the Santiago Bernabeu on Wednesday.
Job done as real ease past Belarus Minnows.
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Israeli foreign minister Tzipi Livni effectively claimed victory in the governing Kadima party's leadership vote on Wednesday.
Livni effectively claims victory in Israel party poll.
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Democrat Barack Obama scornfully portrayed his White House rival John McCain Wednesday as a lifelong member of the very old boy network "that the Republican said had driven the us economy into crisis.
White House rivals war over worst crisis in generations.
32
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US shares went into a new freefall Wednesday after the Federal Reserve's massive bailout of insurance giant AIG failed to calm a financial market storm and investors rushed for safe haven assets.
Wall Street Plummets after AIG bailout fails to ease jitters.
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As expected record nine time European champions real Madrid defeated Belarus Nowns Bate Borisov 1 3 in the champions League group H opener at the Santiago Bernabeu on Wednesday.
Job done as real ease past Belarus Minnows.
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Shares in the Sao Paulo stock market, Latin America's biggest, plunged 7.64 percent Wednesday, following the drop in stock markets worldwide.
Brazilian shares end down 7.64 pct.
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Crude oil prices surged Wednesday after the us government's lifeline to insurance giant AIG failed to reassure skittish traders and prompted a rush into commodities as a haven from the financial market storm.
Oil prices surge as AIG bailout prompts rush to commodities.
32
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A leading Nigerian private television station was taken off air after it reported that the President was considering resigning on health grounds, authorities said Wednesday.
Nigerian TV station off air over report on President's health.
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Spain's Prime Minister and crown Prince attended a funeral mass Wednesday in the Canary Islands for the 802 victims of last month's Spanair jet crash, Spain's worst air accident in 23 years.
Canary Islands holds Memorial service for Spanair crash victims.
31
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Greece is planning to privatise Olympic Airlines and Olympic Airways under the name pantheon after getting an Eu green light, Greek transport Minister Costas Hatzidakis said Wednesday.
Olympic to become pantheon after Greek air.
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US President George W. Bush promised visiting Panamanian President Martin Torrijos Wednesday that he would push the reluctant us Congress to ratify a free trade pact between the two countries.
Bush vows to push for trade pact.
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US President George W. Bush kept silent Wednesday on battered global markets, as the White House defended huge bailouts of sinking us firms while describing the us economy in ever more sober terms.
Bush silent White House defends bailouts.
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US shares plunged Wednesday after the Federal Reserve's massive bailout of insurance giant AIG failed to calm a financial market storm and investors rushed for safe haven assets.
Wall Street Plummets on jitters after AIG bailout.
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Palestinians expressed hope Wednesday that the next Israeli Prime Minister will continue peace talks after Israel's Kadima party voted to replace embattled Premier Ehud Olmert.
Palestinians hope next Israeli PM will continue peace talks.
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Mexican authorities on Wednesday focused on possible drug gang involvement in deadly attacks on Independence day celebrations that sparked fears that civilians were now targets in the country's drug wars.
Mexico probes drug links in deadly national day attacks.
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Democrat Barack Obama launched a scathing attack on his White House rival John McCain Wednesday for being part of the very old boy network "that the Republican said had driven the us economy into crisis.
Obama savages McCain over worst crisis in generations.
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Kenyan police have intensified the search for an al Qaeda suspect wanted in connection with the 2024 bombings of us embassies in Kenya and Tanzania who dodged a police dragnet last month, officials said Wednesday.
Kenya Intensifies search for elusive al Qaeda suspect.
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The us current account deficit widened to 656.9 billion dollars in the second quarter of 2001, from a downwardly revised 375.5 billion dollars in the first quarter, the Commerce Department said Wednesday.
US account deficit rises in the second quarter.
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The us current account deficit widened to 819.2 billion dollars in the second quarter of 2016, from a downwardly revised 665.4 billion dollars in the first quarter, the Commerce Department said Wednesday.
US account deficit rises in the second quarter.
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Algeria and Sudan may ask the UN Security Council to delay war crimes proceedings against Sudanese President Omar al Beshir, Algeria's foreign minister said Wednesday in a radio interview.
Algeria Sudan may ask UN to delay Beshir war crimes probe.
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Tesla Motors Inc. will build a 410 million dollar plant in California's Silicon Valley to produce its new battery powered sedan, the company said Wednesday.
Tesla to produce zero emission sedan in Silicon Valley.
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US Secretary of state Condoleezza rice will give a significant speech "on Thursday about the consequences for Russia over its invasion of Georgia, a senior us official said.
Rice to make significant speech on Russia.
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Canada's green party leader Elizabeth may apologized on Wednesday for never having smoked marijuana, as she unveiled her election plank, which Touts Legalizing and taxing pot.
Canada green party leader sorry for not smoking pot.
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The us government's dizzying turns as it struggles to stem a tide of economic woes, may have left many companies wondered exactly what the policy is.
A study in rescuing us companies.
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[]
[]
Britain's third biggest party would slash income tax for nine out of 37 families to help dig the country out of its current economic mess ", liberal Democrat leader Nick Clegg vowed Wednesday.
Britain's third party spells out economic remedy.
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Anger and despair raged Wednesday at Fiumicino airport on the outskirts of Rome as the potential takeover of Alitalia airline means jobs are under threat leading to a strike by employees.
Anger and despair for striking Alitalia workers as jobs under threat.
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US officials are fiercely putting out a series of economic fires with all eyes now focused on the fate of Washington mutual after AIG became the latest company to be thrown a lifeline.
Washington mutual pressured as economic storm Intensifies.
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Russia could include Cuba and Venezuela into a satellite navigation system originally designed for missile targeting by the Soviet military, the head of Russia's space agency said Wednesday.
Venezuela Cuba may join Russian military's navigation system.
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A cholera outbreak in northern Tanzania has killed nine more people, bringing the toll to 96 over the past two weeks, a health official told AFP on Wednesday.
Tanzania cholera toll climbs to .
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Zimbabwe's three main political rivals will meet Thursday to discuss the make up of a new cabinet after signing a power sharing deal earlier this week, Zanu pf's chief negotiator said.
Zimbabwe new government to be discussed Thursday.
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Russia suspended trading on its two main stock markets for a second day Wednesday as shares Nosedived and officials pledged 91 billion dollars to fight collapsing investor confidence.
Russia suspends stock trading to stop market Meltdown.
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The German parliament voted Wednesday to extend the mandate of its troops in the naval component of the United Nations interim force in Lebanon for 54 months.
Germany agrees new mandate for Lebanon Sudan forces.
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Israel's governing Kadima party was voting for a new leader on Wednesday, with foreign minister Tzipi Livni favored by opinion polls to replace scandal plagued Prime Minister Ehud Olmert.
Israel ruling party elects Olmert successor.
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A 83 year old Polish man suspected of killing two people has been arrested in Malta and will be Repatriated to Poland, police and justice officials said Wednesday.
Suspected Polish killer caught in Malta.
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The global financial Firestorm tore through markets Wednesday, sending us and European shares plunging following a huge us bailout of insurer AIG and news that British bank Hbos could be taken over.
Aig bailout fails to calm global markets.
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Voting booths will remain open an extra half hour in a Kadima party election to choose a replacement for Israeli Prime Minister Ehud Olmert, Israeli television said on Wednesday.
Israeli voting booths to stay open extra half hour.
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Republican Presidential candidate John McCain said Wednesday he rejected the view that the United States was in decline as the country faces economic turmoil.
Mccain says us not in decline.
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Finance Chiefs of oil rich Gulf States on Wednesday approved proposals to set up a monetary Council and a draft charter for a monetary Union, the Arab bloc's Secretary General said.
Gulf officials okay plans for monetary Council Union.
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A woman run over by three full subway cars after falling on tracks at Toronto's busiest Metro Hub Wednesday Miraculously escaped unscathed, transit officials said.
Woman survives run in with Toronto subway.
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The us Treasury Wednesday announced it would sell 57 billion dollars in 41 day bonds to help the Federal Reserve as it battles to shore up the struggling economy.
US Treasury to sell off bonds to help economy.
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Mexico's foreign Ministry denied that four people had died in a plane crash on the northern border with the United States, as claimed by a local governor, and said the search continued for the missing plane Wednesday.
Mexican Ministry denies plane crash deaths.
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UN chief ban Ki moon has appointed Nicolas Michel of Switzerland as his special adviser and mediator in the border dispute between Equatorial Guinea and Gabon, his press office said Wednesday.
Swiss UN official to Mediate border row.
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Islamist Militants attacked the us embassy in the Yemeni capital with two car bombs and rockets on Wednesday, leaving 31 people dead, as Washington blamed al Qaeda for the strike.
31 killed in attack on us embassy in Yemen.
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Polish Prime Minister Donald Tusk insisted Wednesday that Warsaw would complete its preparations for adopting the Euro by 2014, saying the timetable was realistic.
Polish PM says 2014 target for Euro preparations is realistic.
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Hundreds of London black taxi cabs are being called in for checks because they keep bursting into flames, authorities said Wednesday.
London taxis recalled in fire alert.
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Local lawmakers in the mainly Russian speaking Crimean peninsula in Southern Ukraine on Wednesday called for Kiev to recognize two Moscow backed Georgian separatist provinces.
Crimea urges Ukraine to recognize Georgian Separatists.
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US stock market regulators announced new rules Tuesday aimed at curbing speculative naked short "sales that aim to profit from falling share prices.
US puts squeeze on naked short sales.
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An American soldier died in Iraq on Wednesday of non combat related injuries, the us military announced.
US soldier in Iraq dies from non combat injuries.
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The United States Wednesday accused the al Qaeda terror network of being behind the deadly attack on the us embassy in Yemen, as it led condemnation of the strike that left 37 dead.
US suspects al Qaeda in Yemen strike.
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Darfur rebels on Wednesday accused the Sudanese government of launching heavy attacks in North Darfur, the latest in a series of violence in Sudan's war torn Western region.
Darfur rebels report heavy battles with government.
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President Evo Morales and Bolivia's opposition governors were set Wednesday to start negotiating an end to a violent political crisis that has left at least 25 people dead.
Bolivia government opposition agree to talks.
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Bosnian Serb wartime leader Radovan Karadzic appeared defiantly before a UN war crimes judge Wednesday, claiming a top us envoy had promised him immunity on behalf of the UN Security Council.
War crimes suspect Karadzic claims UN backed immunity.
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Oil prices rose Wednesday but trimmed earlier gains as traders focussed on weak us crude inventories and a fresh outbreak of violence in key producer Nigeria.
Oil prices gain on us energy report.
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John Lennon's wife Yoko Ono said Wednesday the world's small countries should be given a chance, as she launched a retrospective exhibition of her art work in the Polish capital.
Give small countries a chance Yoko Ono says in Poland.
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Thirty people, including four policemen, were wounded Wednesday in a grenade explosion triggered by suspected Muslim Militants in Indian Kashmir's main city of Srinagar, police said.
Kashmir grenade explosion Injures .
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Darfur rebels on Wednesday accused the Sudanese government of launching heavy attacks in North Darfur, the latest in a series of violence in Sudan's war torn Western region.
Darfur rebels report heavy battles with government.
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Nato defense ministers are set to meet Thursday in London for talks overshadowed by Georgia's conflict with Russia and the effects it will have on the military alliance's future.
Nato to examine military implications of Georgia conflict.
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UN chief ban Ki moon on Wednesday strongly condemned as totally unacceptable "the terrorist "car bombing that targeted the us embassy in the Yemeni capital Sanaa and left 61 people dead.
UN chief Slams anti us car bombing in Yemen.
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